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CE 7CB: Meaning of market value
or “How 'market value' is defined for employee share schemes”
You could also call this:

“What a replacement employee share scheme means”

A replacement employee share scheme is a new scheme that workers are moved to from an old employee share scheme. When you’re part of an employee share scheme, and you’re moved to a different one, that new scheme is called a replacement employee share scheme. It’s like when you swap an old toy for a new one, but in this case, it’s about the way you might get shares in the company you work for.

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Next up: CE 8: Attributed income from personal services

or “Income you receive from someone else's personal services due to specific rules”
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Part C Income
Employee or contractor income: Definitions

CE 7DMeaning of replacement employee share scheme

  1. Replacement employee share scheme means, for an employee share scheme (the old scheme), another employee share scheme to which members of the old scheme are transferred.

Notes
  • Section CE 7D: inserted, on , by section 22 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).